What is the current promotional APR through HBW?

The current headline rate is 5.48% APR through December 31, 2026 on eligible purchases (OAC). HBW arranges applications through DealerPlan, primarily with TD Auto Finance; the signed lender disclosure controls the actual approval and terms.

Does HBW require a down payment to finance a Mercury repower?

Qualified buyers may be eligible for $0 down. Approval, down payment, and all terms are confirmed by the lender.

Can I pay off the loan early without a penalty?

Prepayment terms are confirmed in the signed lender disclosure. Do not rely on a website example for contract-specific terms.

How long does the approval take?

Approval timing depends on the application and lender. HBW will confirm status after the completed application is submitted.

Does a U.S. Mercury financing page apply to Canadian buyers?

No. That U.S.-only lender path does not apply to an HBW Canadian purchase. HBW arranges eligible applications through DealerPlan, primarily with TD Auto Finance.

Is there a minimum loan amount?

Yes. The minimum loan through HBW is $5,000.

Is HST financed or paid separately?

Both options are available. Most customers roll the 13% HST into the financed amount. You can also pay the HST at closing and finance only the engine, which lowers your monthly payment.

What fee is added to a financed purchase?

A mandatory DealerPlan documentation fee is added after HST to every financed purchase; the current amount appears on your mercuryrepower.ca quote. The payment example must include it.

Where do I find the current promotional financing rate?

The current headline rate is 5.48% APR through December 31, 2026 on eligible purchases (OAC). HBW arranges applications through DealerPlan, primarily with TD Auto Finance; the signed lender disclosure controls the actual approval and terms. The contract is up to 60 months with amortization up to 240 months, so a balance may remain due at maturity. Check mercuryrepower.ca/promotions for current program terms.

Mercury Outboard Monthly Payment Math (Ontario, 2026)

Quick answer A Mercury outboard purchase at HBW may qualify for 5.48% APR promotional financing through DealerPlan, primarily with TD Auto Finance, through Dec 31, 2026 (OAC). Using the current bare-motor prices and including the mandatory $349 DealerPlan documentation fee,...

Last reviewed: 2026-08-26

Mercury Premier Dealer·Gores Landing, ON·Quote builder available

Quick answer

A Mercury outboard purchase at HBW may qualify for 5.48% APR promotional financing through DealerPlan, primarily with TD Auto Finance, through Dec 31, 2026 (OAC). Using the current bare-motor prices and including the mandatory $349 DealerPlan documentation fee, but paying HST separately, payment examples for a Mercury 115 Pro XS and a 150 Pro XS are shown in the configurator at mercuryrepower.ca, based on current live pricing and a 240-month amortization basis. The contract is up to 60 months, so a balance may remain due at maturity when the amortization is longer. Controls, propeller, rigging, installation, HST, down payment, and trade value change the financed total. Confirm the complete lender disclosure in the written quote.

Every repower customer asks the same question before they ask for a quote: what would this actually cost per month?

This page shows the current bare-motor examples, Ontario tax treatment, the mandatory DealerPlan fee, and the difference between contract term and amortization. Your signed lender disclosure controls the actual payment.

How HBW finances Mercury repowers

HBW arranges Canadian financing through DealerPlan, primarily with TD Auto Finance. As of August 8, 2026, the TD "Always On" offer is 5.48% APR on approved credit through December 31, 2026. The contract term is up to 60 months, with amortization up to 240 months; a balance may remain due at contract maturity when the amortization is longer. The minimum financed amount is $5,000 CAD, and a $349 DealerPlan fee applies after HST. Check current financing terms before relying on any rate or payment estimate.

HBW arranges the application; Mercury Marine does not issue the loan. The written lender disclosure confirms the lender, approval, down payment, fee, balance at maturity, and final terms. U.S. lender pages do not apply to an HBW Canadian purchase.

What this financing path gives you:

Fixed APR (no rate changes during the term)
$0 down payment required for qualified buyers
$5,000 minimum loan amount
$349 DealerPlan documentation fee added after HST to every financed purchase
The current promotional contract is up to 60 months; payment examples may use amortization up to 240 months and leave a balance due at maturity. Other lenders may offer different terms.
Prepayment and approval terms are confirmed in the lender disclosure

Ontario HST: how it gets handled

In Ontario, every new outboard purchase is subject to 13% HST. The HST is collected at the time of purchase. Most customers roll the HST into the financed amount. You can also pay HST at closing and finance only the engine.

Engine	Bare-Motor Price	13% HST	DealerPlan Fee	Total If HST Is Financed
Mercury 115 Pro XS	$17,490	$2,274	$349	$20,113
Mercury 150 Pro XS	$24,349	$3,165	$349	$27,863

Prices here are planning figures as of September 2026. For live Mercury motor pricing, see the Mercury pricing reference.

The first payment table below assumes HST is paid separately but includes the mandatory $349 DealerPlan fee. The worked examples later show both fee-only and HST-included totals.

Amortization scenarios at the current promotional rate

The table uses the active 5.48% APR promotional rate on a 240-month amortization basis and a contract of up to 60 months. The financed principal is the current bare-motor price plus the $349 DealerPlan fee; HST is paid separately in this example. A remaining balance is due at maturity unless it is paid, refinanced, or otherwise handled under the signed agreement.

Python-verified math using M = P x [r(1+r)^n] / [(1+r)^n - 1].

Engine	Bare Motor	Principal With $349 Fee	5.48% APR (240-mo amortization)
Mercury 115 Pro XS	$17,490	$17,839	about $123/mo
Mercury 150 Pro XS	$24,349	$24,698	about $170/mo

All amounts in CAD and rounded. HST is not included in this principal. Rate: 5.48% APR through Dec 31, 2026 (OAC), 240-month amortization basis, contract up to 60 months. The signed lender disclosure controls.

The HBW on-water repower test

Repowers combine a new motor with an existing hull and rigging. HBW's standard handoff includes an on-water load test before pickup when safe seasonal conditions allow: cold start, idle quality, low-speed handling, on-plane behaviour, top-end RPM at WOT, and charging-system behaviour. Any alternate acceptance plan is documented with the customer.

Common mistakes

Using a U.S. financing page for a Canadian purchase. HBW arranges eligible Canadian applications through DealerPlan and participating Canadian lenders. The U.S.-only lender path does not apply.
Comparing the headline payment without the fee or HST choice. The $349 DealerPlan fee is mandatory on financed purchases. HST may be paid at closing or included in the financed amount, which changes both the monthly payment and balance at maturity.
Treating 240 months as the contract term. It is the amortization basis in these examples. The active contract is up to 60 months, so a remaining balance may be due at maturity.
Assuming an advertised rate is an approval. 5.48% APR is the current headline rate through Dec 31, 2026 on eligible purchases, OAC. The written lender disclosure is the final answer.

The current HBW-arranged promotional rate

Through December 31, 2026, the current headline rate on eligible purchases is:

5.48% APR (OAC)
Contract up to 60 months
Amortization up to 240 months for payment calculation
$5,000 minimum financed amount
$349 DealerPlan documentation fee added after HST

HBW routes eligible applications through DealerPlan and participating Canadian lenders. The current program card is at mercuryrepower.ca/promotions; the signed lender disclosure controls approval and terms.

What the 240-month amortization actually means

The amortization is the basis used to CALCULATE your monthly payment. It is NOT how long you will be paying. Your contract term is up to 60 months. At maturity, the remaining principal is due as a balloon payment.

Worked examples at HBW pricing (current promotional program)

Motor	Financing Basis	Amount Financed	Monthly	Principal at Month 60
Mercury 115 Pro XS	Bare motor + $349 fee; HST paid separately	$17,839	~$123	~$15,013
Mercury 150 Pro XS	Bare motor + $349 fee; HST paid separately	$24,698	~$170	~$20,786
Mercury 115 Pro XS	Bare motor + HST + $349 fee	$20,113	~$138	~$16,927
Mercury 150 Pro XS	Bare motor + HST + $349 fee	$27,863	~$191	~$23,450

At month 60, any remaining balance must be handled under the agreement, for example by payment or approved refinancing. A future trade-in is not guaranteed and should not be treated as the repayment plan.

If the balance at year five would be uncomfortable, ask for a shorter amortization basis. The monthly payment will be higher, but more principal is repaid during the contract.

Ready to build a real quote?

Build a quote at mercuryrepower.ca. If you want to review the amount financed or start an application through DealerPlan, call HBW directly.

Phone: 905-342-2153 Email: info@harrisboatworks.ca Configurator: mercuryrepower.ca

Harris Boat Works, 5369 Harris Boat Works Rd, Gores Landing, ON. Current Mercury Marine Premier Dealer, with authorized Mercury service directly on Rice Lake.

Sources

HBW current financing policy and DealerPlan fee
Ontario HST treatment on marine purchases
Amortization math verified with Python using standard formula M = P x [r(1+r)^n] / [(1+r)^n - 1]
HBW current Mercury Pro XS pricing: 115 ProXS $17,490, 150 ProXS $24,349 (as of 2026)

Frequently Asked Questions

What is the current promotional APR through HBW?: The current headline rate is 5.48% APR through December 31, 2026 on eligible purchases (OAC). HBW arranges applications through DealerPlan, primarily with TD Auto Finance; the signed lender disclosure controls the actual approval and terms.
Does HBW require a down payment to finance a Mercury repower?: Qualified buyers may be eligible for $0 down. Approval, down payment, and all terms are confirmed by the lender.
Can I pay off the loan early without a penalty?: Prepayment terms are confirmed in the signed lender disclosure. Do not rely on a website example for contract-specific terms.
How long does the approval take?: Approval timing depends on the application and lender. HBW will confirm status after the completed application is submitted.
Does a U.S. Mercury financing page apply to Canadian buyers?: No. That U.S.-only lender path does not apply to an HBW Canadian purchase. HBW arranges eligible applications through DealerPlan, primarily with TD Auto Finance.
Is there a minimum loan amount?: Yes. The minimum loan through HBW is $5,000.
Is HST financed or paid separately?: Both options are available. Most customers roll the 13% HST into the financed amount. You can also pay the HST at closing and finance only the engine, which lowers your monthly payment.
What fee is added to a financed purchase?: A mandatory DealerPlan documentation fee is added after HST to every financed purchase; the current amount appears on your mercuryrepower.ca quote. The payment example must include it.
Where do I find the current promotional financing rate?: The current headline rate is 5.48% APR through December 31, 2026 on eligible purchases (OAC). HBW arranges applications through DealerPlan, primarily with TD Auto Finance; the signed lender disclosure controls the actual approval and terms. The contract is up to 60 months with amortization up to 240 months, so a balance may remain due at maturity. Check mercuryrepower.ca/promotions for current program terms.

Harris Boat Works · 5369 Harris Boat Works Rd, Gores Landing, ON · (905) 342-2153

See all Mercury outboard prices (CAD) · Repower guide · FAQ